Mfs Conservative Correlations
| MACBX Fund | USD 16.94 0.02 0.12% |
The correlation of Mfs Conservative is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Mfs |
Moving together with Mfs Mutual Fund
| 0.92 | VWIAX | Vanguard Wellesley Income | PairCorr |
| 0.87 | VWINX | Vanguard Wellesley Income | PairCorr |
| 0.93 | BKMIX | Blackrock Multi Asset | PairCorr |
| 0.93 | HBLTX | Hartford Balanced | PairCorr |
| 0.93 | HBLRX | Hartford Balanced | PairCorr |
| 0.93 | HBLSX | Hartford Balanced | PairCorr |
| 0.93 | HBLVX | Hartford Balanced | PairCorr |
| 0.93 | HBLFX | Hartford Balanced | PairCorr |
| 0.93 | HBLYX | Hartford Balanced | PairCorr |
| 0.93 | HBLCX | Hartford Balanced | PairCorr |
| 0.88 | KF | Korea Closed | PairCorr |
| 0.78 | FKRCX | Franklin Gold Precious Steady Growth | PairCorr |
| 0.88 | SGGDX | First Eagle Gold Steady Growth | PairCorr |
| 0.87 | USAGX | Precious Metals And | PairCorr |
| 0.87 | FSAGX | Gold Portfolio Gold | PairCorr |
| 0.86 | GOLDX | Gabelli Gold | PairCorr |
| 0.91 | UNWPX | World Precious Minerals | PairCorr |
| 0.88 | OPGSX | Oppenheimer Gold Spec | PairCorr |
| 0.87 | EKWAX | Wells Fargo Advantage Steady Growth | PairCorr |
| 0.92 | BMBSX | Baird Quality Interm | PairCorr |
| 0.82 | PBLCX | Blue Chip Fund | PairCorr |
| 0.88 | GILCX | Guggenheim Large Cap | PairCorr |
| 0.84 | GSSQX | Goldman Sachs Equity | PairCorr |
| 0.87 | GLRIX | James Balanced Golden | PairCorr |
| 0.92 | CFIPX | Qs Global Equity | PairCorr |
| 0.74 | AA | Alcoa Corp | PairCorr |
| 0.66 | CVX | Chevron Corp Earnings Call Tomorrow | PairCorr |
Moving against Mfs Mutual Fund
| 0.47 | HPQ | HP Inc | PairCorr |
| 0.44 | VZ | Verizon Communications Earnings Call Tomorrow | PairCorr |
| 0.34 | MMM | 3M Company | PairCorr |
Related Correlations Analysis
| 0.95 | 1.0 | 1.0 | 0.96 | 1.0 | 0.91 | ASTCX | ||
| 0.95 | 0.95 | 0.95 | 0.94 | 0.96 | 0.97 | CMACX | ||
| 1.0 | 0.95 | 1.0 | 0.96 | 1.0 | 0.92 | TSMLX | ||
| 1.0 | 0.95 | 1.0 | 0.96 | 1.0 | 0.91 | TWSMX | ||
| 0.96 | 0.94 | 0.96 | 0.96 | 0.96 | 0.9 | JTSQX | ||
| 1.0 | 0.96 | 1.0 | 1.0 | 0.96 | 0.93 | RRTBX | ||
| 0.91 | 0.97 | 0.92 | 0.91 | 0.9 | 0.93 | JHRGX | ||
Risk-Adjusted Indicators
There is a big difference between Mfs Mutual Fund performing well and Mfs Conservative Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Mfs Conservative's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASTCX | 0.47 | 0.10 | 0.15 | 0.23 | 0.24 | 0.91 | 7.06 | |||
| CMACX | 0.40 | 0.05 | 0.05 | 0.16 | 0.34 | 0.86 | 3.54 | |||
| TSMLX | 0.42 | 0.08 | 0.11 | 0.21 | 0.26 | 0.75 | 5.89 | |||
| TWSMX | 0.45 | 0.11 | 0.14 | 0.24 | 0.23 | 0.95 | 6.76 | |||
| JTSQX | 0.52 | 0.08 | 0.08 | 0.17 | 0.50 | 1.05 | 4.95 | |||
| RRTBX | 0.32 | 0.08 | 0.11 | 0.24 | 0.00 | 0.66 | 4.51 | |||
| JHRGX | 0.45 | 0.13 | 0.18 | 0.35 | 0.17 | 0.77 | 6.98 |